Goldman Sachs has raised $14bn for its largest ever flagship private equity secondaries fund, and over $1bn for its first fund focussed on infrastructure sector secondary deals, according to a report by the Financial Times.
The report cites the bank’s global head of secondaries Harold Hope as confirming that the funds will look to acquire stakes in PE funds from investors and also support deals where buyout groups sell portfolio companies from one of their funds to another.
The firm’s previous secondaries funds which closed in 2020, raised just over $10bn.
“This is a really big step up and it was done in a difficult market,” Hope said.
